Next Games announces mid-term financial targets

NEXT GAMES CORPORATION, COMPANY RELEASE, 25 NOVEMBER 2020 AT 8.00 a.m EETNext Games Corporation has announced today its mid-term financial targets.Next Games vision is to join forces with license holders to build top-grossing games and become the most sought after partner for IP owners, as well as to develop shareholder value and ensure financial stability and profitable growth in the long term. The company is now announcing its financial targets for the mid term.The financial targets...

Helsinki, 25/11/2020 (informazione.news - comunicati stampa - turismo)

NEXT GAMES CORPORATION, COMPANY RELEASE, 25 NOVEMBER 2020 AT 8.00 a.m EET

Next Games Corporation has announced today its mid-term financial targets.

Next Games vision is to join forces with license holders to build top-grossing games and become the most sought after partner for IP owners, as well as to develop shareholder value and ensure financial stability and profitable growth in the long term. The company is now announcing its financial targets for the mid term.

The financial targets and the strategy behind it will be presented to investors in the Next Games Capital Markets Day event held today, November 25, 2020. Materials will be available online after the event.

Next Games' mid-term financial targets

The Board of Directors of Next Games has not adopted a dividend policy. There is no change in this policy.

The financial targets defined above are intended to illustrate the ambition set by the company and its Board of Directors. They do not, however, replace the company's financial guidance on an annual basis. Shorter term financial performance may deviate from the targets.

Next Games in the global games market

Main themes of Next Games Strategy

Impact of the world economic situation

Additional information:

Annina Salvén
CFO
+358 (0) 40 588 3167
investors@nextgames.com

Certified Adviser: Danske Bank A/S, Finland branch, tel. +358 10 546 7938

About Next Games

Next Games (Helsinki Nasdaq First North: NXTGMS) is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead games redefines the way franchise entertainment transforms into highly engaging service-based mobile games. Currently Next Games is working on multiple new games based on popular entertainment franchises including, Blade Runner Rogue, for the popular Blade Runner franchise and a mobile game based on Netflix's Stranger Things. For more information head to www.nextgames.com .